Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net Income (loss) $ 431,907 $ (509,311)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 318,893 157,071
Write off employee loan 85,800
Net (gain) loss on equity method investment 2,572
Non-cash interest expense 174,851
Stock based compensation 9,307 36,420
Changes in Assets and Liabilities:    
Accounts receivable 225,429 14,986
Other assets 2,136 (9,096)
Prepaid expenses and other current assets 65,787 (43,965)
Employee Loan
Accounts payable and accrued expenses (267,472) 392,816
Deferred revenue (223,431) (94,057)
Deferred rent (599) 490
Net Cash Provided by Operating Activities 561,957 208,577
Cash Flows from Financing Activities:    
Issuance of Convertible Debt   10,000
Repayment of loan obligations (428,873)  
Repayments of capital lease obligations (232,596) (180,151)
Net Cash Used in Financing Activities (661,469) (170,151)
Increase (Decrease) in Cash and Cash Equivalents (99,512) 38,426
Cash and Cash Equivalents, Beginning of Period 255,817 67,045
Cash and Cash Equivalents, End of Period 156,305 105,471
Supplemental Disclosures:    
Cash paid for interest 100,650 29,615
Cash paid for income taxes
Non-cash investing and financing activities:    
Accrual of preferred stock dividend 86,774 78,550
Assets acquired by capital lease $ 1,824,996